NOT LISTED FOR SALE

202 N Morse Ave Liberty, MO 64068

Estimated Value: $363,000 - $1,048,265

-- Bed
-- Bath
-- Sq Ft
1.42 Acres

Last Sold July 14, 2017

Current estimated payment $5,565/month

21 Days on Market

Highlights

  • Resident Manager or Management On Site
  • Heritage Middle School Rated A-
  • Forced Air Heating and Cooling System

About This Home

As of July 2017

26 units in 2 all brick buildings with lots of parking. Just a few blocks from William Jewel College in Liberty. Several long term tenants.

Last Agent to Sell the Property

Larry Davis

SVN Encompass Commercial License #1999033073 Listed on: 03/08/2017

Last Buyer's Agent

Larry Davis

SVN Encompass Commercial License #1999033073 Listed on: 03/08/2017

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $9,747

Lot Details

  • 1.42

Home Design

  • Composition Roof

Parking

  • 34 Parking Spaces
  • Off-Street Parking

Additional Features

  • 2-Story Property
  • Forced Air Heating and Cooling System
  • Basement

Listing and Financial Details

  • Assessor Parcel Number 15-114-00-10-6.00

Community Details

Overview

  • 26 Units
  • Morse Addition Subdivision

Additional Features

  • Gross Income $153,000
  • Resident Manager or Management On Site

Property Details

Home Type

Condominium

Est. Annual Taxes

$9,747

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Apartment Building
  • Age Description: 41-50 Years
  • Package: No
  • Senior Community: No
  • Exclude From Reports: No
  • Internet Address Display: Yes
  • Internet Automated Valuation Dis: No
  • Internet Consumer Comment: No
  • Internet Entire Listing Display: Yes
  • List Agent Full Name: Larry Davis
  • List Office Mls Id: ENCP
  • List Office Name: SVN Encompass Commercial
  • List Office Phone: 816-436-4600
  • List Office Phone Ext: 11
  • Maintenance Provided: No
  • Mls Status: Sold
  • Operating Expense: 70000
  • Special Documents Required: No
  • Tax Total Amount: 9747
  • Unit Type: 1 Bedroom, 2 Bedroom, Efficiency
  • Value Range Pricing: No
  • Special Features: None

Interior Features

  • Basement: Yes
  • Stories: 2

Exterior Features

  • Roof: Composition
  • Construction Materials: All Brick

Garage/Parking

  • Garage: No
  • Parking Features: Off Street
  • Total Parking Spaces: 34

Utilities

  • Cooling: Central Electric
  • Heating: Forced Air Gas
  • Sewer: City/Public
  • Utilities: Ind Heat And Air, Ind Water Heaters
  • Cooling: Yes
  • Water Source: City/Public

Condo/Co-op/Association

  • Type Of Management: On-Site Mgmt

Schools

  • School District: Liberty

Lot Info

  • In Floodplain: No
  • Zoning: r4
  • Parcel Number: 15-114-00-10-6.00
  • Subdivision Name: Morse Addition

Rental Info

  • Existing Lease Terms: 12 Months

Building Info

  • Number of Units Total: 26

Multi Family

  • Gross Income: 153000
  • Current Occupancy Rate: Over 95%
  • Gross Multiplier: 6.78
  • Operating Expenses Include: Maintenance, Other, Property Insurance, Property Mgmt, Real Estate Tax, Refuse Collection

Tax Info

  • Tax Abatement: No
  • Tax Annual Amount: 9747.00

MLS Schools

  • School District: Liberty

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 25, 2022
Sold by
Shahram Majidi Shawn
Bought by
Morse Plaza Apartments Llc
Current Estimated Value
$762,235

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,410,000
Outstanding Balance
$1,361,936
Interest Rate
5.25%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 8, 2017
Closed on
Jul 14, 2017
Sold by
Beall Elaine C
Bought by
Majidi Shawn Shahram
Seller's Agent
Larry Davis
SVN Encompass Commercial
Buyer's Agent
Larry Davis
SVN Encompass Commercial
List Price
$1,170,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$825,000
Interest Rate
3.94%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 12, 2013
Sold by
Beall Elaine C
Bought by
Eb Real Estates Llc

Purchase Details

Closed on
Sep 13, 2001
Sold by
Crestview Village Associates Lp
Bought by
Crestview Village Associates I Lp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$690,000
Interest Rate
6.96%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 21, 2001
Sold by
Nef Properties Inc
Bought by
Crestview Village Associates Lp
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Morse Plaza Apartments Llc -- Alpha Title Guaranty
Majidi Shawn Shahram -- None Available
Eb Real Estates Llc -- None Available
Crestview Village Associates I Lp -- --
Crestview Village Associates Lp -- Chicago Title Insurance Co
Nef Properties Inc -- Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Morse Plaza Apartments Llc $1,410,000
Previous Owner Majidi Shawn Shahram $825,000
Previous Owner Crestview Village Associates I Lp $690,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/14/2017 07/14/17 Sold -- -- --
03/29/2017 03/29/17 Pending -- -- --
03/08/2017 03/08/17 For Sale $1,170,000 -- --
Source: Heartland MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $16,696 $217,080 -- --
2023 $16,979 $217,080 $0 $0
2022 $14,183 $179,040 $0 $0
2021 $14,072 $179,033 $39,368 $139,665
2020 $8,749 $104,520 $0 $0
2019 $8,747 $104,520 $0 $0
2018 $10,058 $118,010 $0 $0
2017 $9,747 $118,010 $14,480 $103,530
2016 $9,747 $115,430 $14,480 $100,950
2015 $9,749 $115,430 $14,480 $100,950
2014 $9,826 $115,430 $14,480 $100,950
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Heartland MLS

MLS Number: 2034636

Heartland MLS

APN: 15-114-00-10-006.00